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Description

European Convergence Development Company plc is established to take advantage of opportunities that exist in the property markets of South-East Europe. The Company has invested in a range of early stage development projects, which consists of residential, retail, commercial and industrial property. The objective of the Company is to take advantage of the potential for capital appreciation of these investments. The Company’s principal countries include Bulgaria, Romania and Turkey, with the ability to invest in Croatia and Slovakia. The Company established a subsidiary structure, which primarily invested equity and debt financing of development projects with the use of local special purpose vehicles (SPVs). The Company’s portfolio includes Galleria Plovdiv, Mega Mall Rousse and Bourgas Retail Park.